“About 70% of NINL's Pig Iron production is dependent on exports market and for last few months, overseas buyers have either been uninterested to make imports or have bid low.
Our current stock position is around 80,000 tons for Pig Iron (steel) and we foresee some improved sales in domestic market at Rs 22,000/MT (Ex works Cuttack) with further discounts. Around 30,000 tons of Pig Iron was sold out to Indian buyers in December 2012.
60,000 tons Pig Iron exports tender is anticipated to fetch good response, above $396/MT FOB Paradeep Port the next day as exports market is looking up”, shared officials of NINL.
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